The Libertarian Party is an American national political party that reflects, represents and promotes the ideas and philosophies of libertarianism (freedom as a political end) and free-market, laissez-faire capitalism (no government interference in economy). The Libertarian Party was formed in Colorado Springs, Colorado, in the home of David F. Nolan on December 11, 1971. The founding of the party was prompted in part due to concerns about the Vietnam War, conscription, and the end of the gold standard. Although there is not an explicitly-labeled "left" or "right" designation of the party, many members, such as 2012 presidential nominee Gary Johnson, state that they are more socially liberal than the Democrats, but more fiscally conservative than the Republicans. The party has generally promoted a classical liberal platform, in contrast to the social liberal and progressive platform of the Democrats and the more conservative platform of the Republicans. Current policy positions include lowering taxes, allowing people to opt-out of Social Security, abolishing welfare, ending the prohibition of illegal drugs, and supporting gun ownership rights. - Source: Wikipedia
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